Case Study

Commercial

Vermont Shopping Center’s Annual Premium Reduced by $15K+

Manchester Center, VT

Image of Commercial property for Vermont Shopping Center’s Annual Premium Reduced by $15K+

Shopping Center Saves $15K

Solutions Found:

Insurance Consulting

Flood Expert Survey

Solutions Value: $15,000+

NFE Solution: Consulting; FES

A cold call from National Flood Experts paid off big for a national real estate investment, management, and development company, that wanted to explore ways to reduce or eliminate flood insurance expenses for a shopping center in Manchester City, VT.

NFE provided a comprehensive solution to the Client's challenges. First, NFE initiated a complementary desktop engineering review to identify any potential avenues for cost savings for the property. Based on the initial assessment, NFE identified a potential cost-saving scenario for the policy but needed property-specific data to confirm the solution and recommended conducting a Flood Expert Survey (FES) to gather the needed data.

NFE performed the FES and analyzed the findings, solidifying a consulting scenario to reduce the policy premium significantly by applying engineering data. Leveraging our expertise, NFE prepared the requirement documentation to request the updated endorsement from the insurance carrier. Thanks to NFE's efforts, the carrier confirmed the endorsement change, and the client’s policy was reduced by more than $15,000 per year.

View Other Case Studies

Image of Multifamily property for NJ & NY Multifamily Properties Save $105K+

$1.75MM+ in Added Property Value

NJ & NY Multifamily Properties Save $105K+ - Multiple, NY

In this case study, a New Jersey-based Commercial Real Estate Developer partnered with National Flood Experts (NFE) to reduce annual flood premiums and increase the property value of their multifamily properties in NJ & NY. NFE successfully removed flood insurance mandates from 15 buildings, resulting in approximately $105,000 in annual cost savings and over $17.5 million in increased property value.

Image of Residential property for Lender Mandate Lifted for Homeowner in Minnesota

A-Zone LOMA Success

Lender Mandate Lifted for Homeowner in Minnesota - Afton, MN

Discover how NFE helped a single-family homeowner in Afton, MN, remove the lender mandate for flood insurance on their home and detached garage via a Letter of Map Amendment (LOMA).

Image of Multifamily property for Affordable Housing Community Wins Big

≈$137K in Property Value Added

Affordable Housing Community Wins Big - Brewster, MA

Learn how National Flood Experts helped a property management client increase the value of their multifamily affordable housing property in Brewster, MA, by nearly $137,000. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $8,000+ while increasing property value.